Hyundai Electronic eyes for Indian market, focus on market research, innovation

Hyundai Electronics, an arm of South Korean multinational Hyundai Corporation, said it has ventured into the fast-growing Indian consumer electronics and home appliances market. The company would focus on market research and product innovation here and work in areas like artificial intelligence, technology and energy-efficiency, Hyundai Electronics said.

Commenting on the development Hyundai Electronics CEO Akshay Dhoot said: "India is one of the key emerging markets with a burgeoning consumer durable segment and with Hyundai's entry, we are committed to giving Indian consumers exposure to smart goods technology and product diversification methodologies, manufacturing cutting-edge goods." Hyundai Corporation was established in 1976 as an import and export-trading house of the Hyundai Group.